Above Asking: Rising Rates Haven't Dampened Demand in Upper NW DC

• May 9th 2022

by UrbanTurf Staff

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In this week's Above Asking, we take a look at the final sales prices for two homes in northwest DC that proved there is still a lot of competition out there despite rising interest rates. 

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A $140,000 Premium for a Cleveland Park Tudor

This semi-detached listing in Cleveland Park received multiple offers and ultimately sold for $140,000 above the original listing price. The living room has a white-painted brick fireplace, and built-in shelving units flank the archway into the dining room. The top floor offers a carpeted family room/office and leads out to a "sky porch" with cove-style glass canopy. The lower level has a separate entrance and offers a rec room, bedroom, full bath, kitchenette and office area. An L-shaped deck off the kitchen sits above a flagstone patio and steps run along the backyard to a one-car garage and parking pad.

• Full Listing: 3193 Porter Street NW (map)
• Asking Price: $1,795,000
• Sales Price: $1,935,000
• Bedrooms: Five
• Bathrooms: 3.5
• Square Feet: 3,222
• Year Built: 1928
• Listing Agents: Anne Weir, Andrea Hatfield, Washington Fine Properties

Photo courtesy of HomeVisit.

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$350,000 Over Asking in Chevy Chase

The competition was likely high for this five-bedroom home in Chevy Chase, which ultimately sold for $350,000 above the original asking price. A white picket fence and a covered front porch lead in to a living room with a gas fireplace between windows above built-in shelving units. The kitchen has a marble-topped breakfast bar island with matching countertops and matching backsplash between the stainless steel hood and the stove. The adjacent family room also has a gas fireplace, and in between, a door leads out to the deck. The lower level has a step down rec room, ample flex space, a wine cellar, and walks out to a covered patio and parking pad; there is also an interior garage/storage room.

• Full Listing: 5717 32nd Street NW (map)
• Asking Price: $1,895,000
• Sales Price: $2,248,000
• Bedrooms: Five
• Bathrooms: 4.5
• Square Feet: 3,308
• Year Built: 1927
• Listing Agent: Dan Hynes, Compass

This article originally published at https://dc.urbanturf.com/articles/blog/above-asking-rising-rates-havent-dampened-demand-in-upper-nw-dc/19623.